Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

Bluerock Residential Growth REIT: Borrowing From Peter To Pay Paul But For How Long?

Bluerock Residential Growth REIT, Inc. (NYSEMKT:BRG) recently held an IPO on 4/02/2014 selling 3,448,276 shares of Class A common stock at $14.50 per share. The net proceeds of the offering were approximately $44.4 million after deducting underwriting discounts and commissions and estimated offering expenses. The shares closed at $13.21 as of 5/16/14 and have a total performance of (8.9%) since inception.

The company released the results of its first quarter ended 3/31/2014 on 5/15/2014. BRG reported the following for the quarter:

· TOTAL REV'S: $3.26MM (+8% Y/Y)

· TOTAL EXP'S: $3.38MM (-6.21% Y/Y)

· OPERATING LOSS: 128K (-75% Y/Y)

· NET LOSS: $1.04MM (-14% Y/Y)


Who is Bluerock Residential Growth REIT, Inc?


Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details